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● TRACKER Updated 14d ago · 10 sources tracked

Marvell Q2 FY2027 earnings: record revenue, raised guidance

Marvell Technology reported record second-quarter fiscal 2027 revenue of $2.739 billion, a 37% increase year over year. Data center sales drove this growth, climbing 46% to $2.17 billion. The company raised its full-year fiscal 2027 outlook to approximately $12 billion and set a long-term revenue target of $18 billion for its data center chip business by 2028. Despite beating forecasts for Q2 results and Q3 guidance, the company's stock price declined as investor expectations remained high.

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  • ✓ Marvell recorded second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year.
  • ✓ Data center sales reached $2.17 billion, representing a 46% year over year increase.
  • ✓ The company raised its fiscal 2028 revenue target for data center chips to $18 billion.
  • ✓ Marvell increased its full-year fiscal 2027 revenue outlook to approximately $12 billion.
🛡️ Source Corroboration: 10 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Marvell specified a $18 billion revenue target for its data center business by 2028 and reported total Q2 revenue of $2.739 billion.

Live updates

  1. Marvell Sets $18 Billion Data Center Revenue Target for 2028

    Marvell Technology reported record second-quarter fiscal 2027 revenue of $2.739 billion, a 37% increase year over year. Data center sales drove this growth, climbing 46% to $2.17 billion. The company raised its full-year fiscal 2027 outlook to approximately $12 billion and set a long-term revenue target of $18 billion for its data center chip business by 2028. Despite beating forecasts for Q2 results and Q3 guidance, the company's stock price declined as investor expectations remained high.

    Why it matters

    The results reflect a broader shift where AI spending is flowing toward hardware manufacturers over Big Tech. Marvell is specifically benefiting from increased demand for custom silicon, switching, and interconnects. This growth occurs as the semiconductor sector generally outperforms other technology stocks.

    What is confirmed

    • Marvell recorded second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year.
    • Data center sales reached $2.17 billion, representing a 46% year over year increase.
    • The company raised its fiscal 2028 revenue target for data center chips to $18 billion.
    • Marvell increased its full-year fiscal 2027 revenue outlook to approximately $12 billion.
    • The company exceeded forecasts for Q2 results and Q3 guidance.

    Still unconfirmed

    • Marvell stock has risen 185% as part of a semiconductor sector boom.

    What to watch next

    • Quarterly reports showing if data center revenue maintains a 46% growth rate
    • Analyst revisions of Marvell's valuation following the $18 billion 2028 target
    Sources used for this update (4)
    1. www.ibtimes.com — NVIDIA’s Record Quarter Confirms Chipmakers Are Winning the AI Boom
    2. startupfortune.com — Marvell says its data center chip business will hit $18 billion by 2028
    3. seekingalpha.com — Marvell Q2: Buying This Dip Looks Premature
    4. finance.yahoo.com — Marvell’s (MRVL) Data Center Machine Keeps Rewriting Its Own Forecast
    confidence 100%

  2. Marvell Reports Record Q2 Revenue and Raises Fiscal 2027 Outlook

    Marvell Technology achieved record revenue and exceeded forecasts for the second quarter of fiscal 2027, driven by strong AI demand. The company increased its full-year revenue outlook to approximately $12 billion as growth accelerates in custom silicon, switching, and interconnects. Despite these results, Marvell shares declined following the announcement. Market reaction suggests investor expectations outweighed the solid earnings report, while the growth outlook failed to satisfy some analysts. Data center revenue surged 46% year over year, outstripping the company's overall growth rate.

    Why it matters

    Marvell is a major provider of infrastructure semiconductor solutions. The shift toward AI infrastructure is diversifying spending beyond the largest chipmakers, benefiting Marvell's data center segment. The company's current valuation reflects its position as a custom silicon provider.

    What is confirmed

    • Marvell reported record revenue for the second quarter of fiscal 2027.
    • The company raised its fiscal 2027 revenue outlook to about $12 billion.
    • Marvell's data center segment grew 46% year over year in the second quarter of fiscal 2027.
    • Marvell shares declined following the earnings report.
    • AI demand boosted second-quarter profit and revenue.

    What to watch next

    • Further data on custom silicon adoption rates
    • Quarterly revenue growth trends for the interconnect and switching segments
    Sources used for this update (8)
    1. Reuters — Marvell beats forecasts, shares slip as growth outlook underwhelms
    2. Marvell Technology — Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2027 Financial Results
    3. WSJ — Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit, Revenue
    4. qz.com — Marvell Q2 FY2027 earnings: record revenue, raised guidance
    5. Barron's — Marvell Stock Sinks as Big Expectations Outweigh Solid Earnings
    6. 247wallst.com — Marvell (MRVL) Data Center Revenue Surges 46% in Q2 FY2027
    7. seekingalpha.com — Biggest stock movers Friday: PYPL, MRVL, GAP, and more
    8. finance.yahoo.com — Marvell Q2 Earnings Call Highlights Faster AI Data Center Growth
    confidence 100%
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